RecycleNet Corp. reported net earnings of $27,800 for its third quarter, an improvement over a net loss of $3,800 last year.
The online trading exchange for recyclable industrial materials reported revenue of $496,600 for the quarter ended Sept. 30, up from $495,600 last year.
For the nine months ended Sept. 30, the Salt Lake City firm (www.recycle.net) reported net earnings of $23,600, up from net earnings of $9,000 last year.
The company reported net revenue of $1.5 million for this period, up from net revenue of $1.2 million last year.
“The last several quarters have shown a steady growth of our portal product, an online trading system that serves the $300 billion recyclables market,” said CFO Richard R. Ivanovick in a statement.
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